Guardian Ptb Ratio vs Ev To Sales Analysis
GCG Stock | CAD 43.50 0.70 1.58% |
Guardian Capital financial indicator trend analysis is much more than just examining Guardian Capital latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guardian Capital is a good investment. Please check the relationship between Guardian Capital Ptb Ratio and its Ev To Sales accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guardian Capital Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Ptb Ratio vs Ev To Sales
Ptb Ratio vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guardian Capital Ptb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have no relationship.
The correlation between Guardian Capital's Ptb Ratio and Ev To Sales is 0.07. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Guardian Capital Group, assuming nothing else is changed. The correlation between historical values of Guardian Capital's Ptb Ratio and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Guardian Capital Group are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Ptb Ratio i.e., Guardian Capital's Ptb Ratio and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most indicators from Guardian Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guardian Capital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guardian Capital Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 21st of December 2024, Selling General Administrative is likely to drop to about 16.7 M. In addition to that, Tax Provision is likely to drop to about 14.2 M
2021 | 2022 | 2023 | 2024 (projected) | |
Gross Profit | 154.5M | 103.1M | 131.2M | 86.1M |
Total Revenue | 414.9M | 214.3M | 254.5M | 165.9M |
Guardian Capital fundamental ratios Correlations
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Guardian Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guardian Capital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.2B | 1.4B | 1.4B | 1.7B | 1.8B | |
Short Long Term Debt Total | 128.8M | 109.2M | 129.3M | 157.1M | 158.6M | 166.6M | |
Other Current Liab | 14.3M | 59.1M | 121.0M | 235.8M | 59.6M | 62.6M | |
Total Current Liabilities | 348.2M | 353.8M | 482.9M | 509.5M | 414.1M | 434.8M | |
Total Stockholder Equity | 694.2M | 717.7M | 852.6M | 782.9M | 1.2B | 1.3B | |
Property Plant And Equipment Net | 18.5M | 16.1M | 16.6M | 25.3M | 22.2M | 23.3M | |
Net Debt | 94.6M | 67.5M | 52.2M | 102.2M | 86.2M | 90.5M | |
Retained Earnings | 658.1M | 681.0M | 822.2M | 733.3M | 1.2B | 1.3B | |
Cash | 34.2M | 41.7M | 77.1M | 54.9M | 72.4M | 76.0M | |
Non Current Assets Total | 872.6M | 870.9M | 1.0B | 825.9M | 1.5B | 1.5B | |
Non Currrent Assets Other | 702.8M | 789.1M | 872.6M | 2.0 | 2.3 | 2.18 | |
Other Assets | 4.9M | 5.3M | 15.7M | 794K | 714.6K | 678.9K | |
Cash And Short Term Investments | 141.5M | 84.9M | 131.6M | 122.3M | 139.3M | 108.0M | |
Common Stock Shares Outstanding | 27.5M | 27.1M | 26.9M | 24.4M | 25.5M | 27.4M | |
Short Term Investments | 107.3M | 43.2M | 54.5M | 67.4M | 66.9M | 79.1M | |
Liabilities And Stockholders Equity | 1.1B | 1.2B | 1.4B | 1.4B | 1.7B | 1.8B | |
Non Current Liabilities Total | 87.6M | 82.0M | 93.2M | 72.4M | 76.0M | 43.7M | |
Other Current Assets | 15.4M | 60.3M | 126.1M | 368.1M | 67.9M | 46.5M | |
Other Stockholder Equity | (8.1M) | (7.4M) | (6.6M) | (7.1M) | (4.1M) | (4.3M) | |
Total Liab | 435.8M | 435.9M | 576.1M | 581.9M | 490.1M | 514.6M | |
Property Plant And Equipment Gross | 18.5M | 16.1M | 37.0M | 37.7M | 35.4M | 37.2M | |
Total Current Assets | 257.4M | 282.7M | 424.6M | 538.9M | 262.3M | 191.6M | |
Accumulated Other Comprehensive Income | 14.1M | 7.3M | 4.9M | 24.1M | 13.4M | 12.7M | |
Short Term Debt | 116.4M | 98.3M | 118.0M | 133.2M | 139.2M | 146.2M | |
Intangible Assets | 129.8M | 161.2M | 168.2M | 96.9M | 85.4M | 89.7M | |
Net Receivables | 100.5M | 137.5M | 166.9M | 48.4M | 55.0M | 76.0M | |
Good Will | 40.6M | 60.2M | 66.6M | 42.5M | 41.6M | 24.8M | |
Common Stock Total Equity | 19.9M | 19.1M | 18.7M | 18.6M | 16.8M | 16.9M | |
Common Stock | 18.7M | 18.6M | 18.1M | 17.6M | 16.8M | 16.3M | |
Accounts Payable | 109.0M | 143.1M | 188.8M | 79.8M | 91.5M | 100.4M | |
Current Deferred Revenue | 106.4M | 43.1M | 53.5M | 59.1M | 50.1M | 60.7M | |
Other Liab | 75.2M | 71.2M | 81.9M | 50.2M | 57.7M | 65.6M | |
Net Tangible Assets | 515.9M | 482.7M | 618.5M | 642.0M | 738.3M | 565.3M | |
Deferred Long Term Liab | 3.6M | 4.5M | 14.9M | 13.6M | 15.6M | 16.4M | |
Long Term Investments | 682.3M | 632.6M | 751.9M | 660.4M | 1.3B | 746.0M | |
Short Long Term Debt | 113.7M | 95.7M | 114.9M | 131.6M | 137.7M | 101.3M | |
Property Plant Equipment | 18.5M | 16.1M | 16.6M | 25.3M | 29.1M | 30.6M | |
Capital Surpluse | 20.0M | 22.1M | 25.1M | 28.5M | 32.7M | 21.4M | |
Treasury Stock | (25.2M) | (28.1M) | (29.5M) | (31.7M) | (28.5M) | (30.0M) |
Pair Trading with Guardian Capital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Guardian Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Guardian Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Guardian Stock
Moving against Guardian Stock
The ability to find closely correlated positions to Guardian Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Guardian Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Guardian Capital Group to buy it.
The correlation of Guardian Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guardian Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Guardian Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Guardian Stock
Balance Sheet is a snapshot of the financial position of Guardian Capital at a specified time, usually calculated after every quarter, six months, or one year. Guardian Capital Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guardian Capital and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Guardian currently owns. An asset can also be divided into two categories, current and non-current.